takeover target
Any opinions on EPR being a takeover target?? Stockanalysis mentioned it very briefly with possible contenders being Origin or AWE.
They've done well with the recent VICP46 farmout to BPT/mitsui which I suppose also makes BPT a contender to absorb EPR.
Seismic aquistion for VICP50 (Curie prospect) was scheduled for May 2006. If they can farmout this one 2H 2006 they are looking very attractive with two huge targets to drill 2007
At 3.5c its ~$6mil market cap with $3mil cash. So the market is only valuing the free carry for VICP46 and exploration potential of VICP50 at $3 to $4 mil
ASX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
